Wednesday, October 29, 2008

Navellier's scare tactics

In his latest Blue Chip Growth Flash Alert from yesterday Mr. Louis Navellier writes:

And in case you've bought into the scare tactics about the commodities bubble, the 20% gain by CF Industries (CF) today and 17% gain in Monsanto (MON) should prove that agricultural stocks aren't dead!

I think I am dreaming...

CF moved from $172 to 37 to current $54 from June to October.
MON moved from $145 to $68 to current $83 in the same period.

And Mr. Navellier talks about scare tactics about the commodities bubble?

MON at $83 has still a P/E ratio of 23...

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